| Cash Flow for Cabot Microelectronics Corp. (CCMP) | | | | | | | Cash Flow | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Net Income | 33,836 | 32,948 | 32,473 | 46,728 | 37,733 | | Depreciation & Amortization | 24,170 | 21,174 | 19,072 | 17,611 | 15,732 | | Deferred Income Taxes | (5,708) | (5,571) | (2,417) | 1,119 | 4,447 | | Operating Losses | (245) | 1,714 | 4,263 | 1,665 | 6,756 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (3,437) | (8,492) | 3,967 | (3,210) | (10,855) | | Decrease in Inventories | 3,658 | (5,635) | (4,760) | (1,256) | (2,045) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 1,170 | 7,166 | (2,847) | 567 | (324) | | Increase in Other Current Liabilities | (2,696) | - | 1,035 | 1,294 | (3,680) | | Decrease in Other Working Capital | - | (422) | - | - | - | | Other Non-Cash Items | 14,411 | 14,060 | - | - | 198 | | Net Cash from Continuing Operations | 64,634 | 58,668 | 47,962 | 64,210 | 47,584 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 64,634 | 58,668 | 47,962 | 64,210 | 47,584 | | | | Sale of Property, Plant, Equipment | 172 | 19 | 6 | 15 | 1,861 | | Sale of Short Term Investments | 108,225 | 201,392 | 128,975 | - | - | | | Purchase of Property, Plant, Equipment | (13,013) | (27,230) | (21,137) | (10,968) | (16,396) | | Acquisitions | (2,500) | (20,919) | - | - | - | | Purchase of Short Term Investments | (155,175) | (185,655) | (143,500) | (1,820) | - | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (62,291) | (32,393) | (35,656) | (12,773) | (14,535) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 7,759 | 1,359 | 6,983 | 3,385 | 12,761 | | | Repayment of Debt | (999) | (933) | (869) | (815) | (4,242) | | Repurchase of Capital Stock | (9,995) | (15,996) | (16,999) | (8,000) | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | (3,235) | (15,570) | (10,885) | (5,430) | 8,519 | | | | Effect of Exchange Rate Changes | 484 | (176) | (293) | (7) | 145 | | Net Change in Cash | (408) | 10,529 | 1,128 | 46,000 | 41,713 | | | Cash at Beginning of Year | 54,965 | 44,436 | 43,308 | 111,318 | 69,605 | | Cash at End of Period | 54,557 | 54,965 | 44,436 | 157,318 | 111,318 | | | |
